Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing

Photo: Getty As an Uber driver, you have to deal with low wages, an uncertain future, and the possibility of getting yelled at by the company’s billionaire founder. There’s also the more common issue of drunk people puking in your back seat. But a news report claims passengers in Miami are getting hit with fees… Continue reading Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing

Uber’s Indian rival Ola is aiming for an IPO in 3-4 years

Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru last week that seven-year-old Ola is poised to become a cash flow positive business — having recently hit operational… Continue reading Uber’s Indian rival Ola is aiming for an IPO in 3-4 years

SoftBank-backed Mapbox targets ride-hailing, self-driving cars

July 20, 2018 Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was… Continue reading SoftBank-backed Mapbox targets ride-hailing, self-driving cars

Uber’s CEO Faces an Impossible Decision

Of all the management mistakes that led to Uber’s culture and business crisis, Travis Kalanick’s biggest mistake was that he kept a tight inner circle of executives, for whom bad behavior appeared to have no consequences. The most egregious example of this anything-goes leadership culture was in 2014, when Emil Michael, then Uber’s senior vice… Continue reading Uber’s CEO Faces an Impossible Decision

Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber

Embark co-founders Alex Rodrigues, left, and Brandon Moak with their fleet of autonomous semi-trucks at the startup’s operations center in Ontario, California. Embark Trucks What makes a couple of brash 22-year-old entrepreneurs think they can take on Waymo, the clear leader in self-driving vehicle technology, when it comes to putting autonomous trucks on the road? … Continue reading Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber

Euro startup FlixBus expands its $10 bus service in California

FlixBus, the low-cost bus service out of Europe, is doubling down on its U.S. launch. The parent company, FlixMobility, started cheap bus routes between Los Angeles, Las Vegas, Phoenix and Tucson just two months ago. Now it’s adding another 16 connections throughout central and northern California. as well as Nevada and Arizona. The new connections,… Continue reading Euro startup FlixBus expands its $10 bus service in California

Self-driving car startup Voyage brings on ex-Tesla, Cruise and Uber exec as CTO

Voyage, the autonomous driving startup that currently operates self-driving cars in retirement communities, has brought on its first CTO, Drew Gray. Gray most recently worked at Uber as its director of engineering, leading the deep learning and perception team in San Francisco, according to his LinkedIn. This comes shortly after the company poached Uber’s head… Continue reading Self-driving car startup Voyage brings on ex-Tesla, Cruise and Uber exec as CTO

DoorDash Names Prabir Adarkar as CFO; Led Global Finance at Uber

Another top Uber executive has departed the ride-hailing company, this time for Tony Xu’s San Francisco food delivery startup DoorDash. DoorDash announced on Thursday that it has hired Prabir Adarkar as its first chief financial officer, a sign that the “unicorn” startup, valued at more than $1.4 billion and backed by SoftBank and Sequoia Capital,… Continue reading DoorDash Names Prabir Adarkar as CFO; Led Global Finance at Uber

China’s Didi Chuxing is close to launching a taxi-booking service in Japan

Days after raising $500 million via a strategic investment from travel giant Booking Holdings, Chinese ride-hailing giant Didi Chuxing has continued its international push with the launch of a local business in Japan. Its new Japan-based unit is a joint venture with SoftBank, a longtime Didi investor, which has been in the works since an announcement back… Continue reading China’s Didi Chuxing is close to launching a taxi-booking service in Japan

Aston Martin ‘sports car for the skies’

Luxury carmaker Aston Martin has unveiled plans for a personal aircraft dubbed a “sports car for the skies”. The company has teamed up with jet engine maker Rolls-Royce and engineering boffins at Cranfield University on the futuristic project. A concept aircraft was unveiled at the Farnborough Airshow, but the consortium hopes to have a flying… Continue reading Aston Martin ‘sports car for the skies’